especkman
In the US, someone can spend all of high school in auto shop, and still have a chance of changing directions and ending up with a successful career at 33 that some bureaucrat never would never have predicted 20 years earlier. If may take him longer than the kid whose parents and teachers were guiding them towards medicine or business from age 13, but the doors are open.
I think this is a strength of the US, both economically, and with respect to various liberal, democratic, egalitarian ideals. It isn't perfect though. There are certainly people would be happier and better off if they started learning a trade at an earlier age.
There was an interesting study a few years back that looked at the "outcomes" of a cohort of people who had all been admitted to an Ivy League school. Part of the study group attended and graduated from the Ivy League school they were admitted to. The control group ended up matriculating elsewhere for whatever reason.
Past studies showed at a significant improvement in earning potential for Ivy League grads, but they didn't have a distinguished control group. What this recent study found was that for most students of similar qualification (all judged to be Ivy League material by the admissions boards at Ivy Leage schools), attending an Ivy conferred no obvious advantage compared to attending a non-Ivy.
The only difference was for students who came from more challenging backgrounds, those whose families may have flirted with poverty and/or didn't have significant educational attainment. In those cases, attending an Ivy conferred some advantage over going elsewhere.
Need based financial aid grants are often available (ie not loans) and sometimes they are substantial. I've known people who have paid less for a private school than they would have at a state school.
Or are you worried because you have made unreleased proprietary modifications to GPLed code and you are worried that running your modified version on another parties servers might be considered "distribution," and give the host the option of distributing it to other parties?
They could have started an arms race with the iPhone hackers with their first update, but they didn't really do anything other than force people with hacks to wipe their phone because the OS wasn't image wasn't in a known state. With any luck, that's all they'll continue to do. We'll have to wait and see. AT&T might be a cranky partner.
Google tries to get news items into the index quickly, but that doesn't mean they are doing it from newly discovered sites. Part of the reason they crawl sites frequently is that the site has new content every time the crawler visits. I'm sure it also doesn't help if the site has something other than a baseline pagerank.
Also keep in mind that at some point in the past year or two, Google appeared to give better pagerank to sites on domains whose registration was paid up more than a year in advance.
BTW, I've never used Akismet because I started using Spamkarma2 before Akismet became standard. SK2 has done an excellent job for me. It scores spam using a bunch of different tests, including an encrypted javascript payload.
I've had very few false positives or negatives.
Starbucks and Microsoft are built on smaller transactions than one would expect from enterprise software. Starbucks does it $3 at a time. Microsoft established itself selling desktop software for for a few hundred a pop, and for quite a while, it was selling a couple of copies at a time until they gained enough momentum to sell their desktop software to whole departments and later even whole enterprises.
Interesting to consider that the average annual revenue Starbucks gets from a regular customer, is probably similar, or even a bit more than the annual revenue Microsoft gets per-seat from its best enterprise customers. A reminder that one should balance the difficulty of acquiring a customer against the lifetime value of that customer.
Getting $1 from a million people might be a tough business, but getting $20/year from 50,000 people one dollar at a time is conceivable.
Flickr might be a good example (though a little on the big side). When they were acquired by Yahoo, just a little over a year from their debut, they already had ~400,000 registered users. Within a few more months, they had a million, and a few months after that a million more. I'd postulate that nearly all of that post-acquisition growth (and much more) came from existing momentum rather than their association with Yahoo.
I don't know if the same ratios held back then, but when I looked a few months back, about 15% of flickr accounts were flickr pro accounts bringing in $24.95 in annual revenue. Thats 300,000 x $24.95, or $7M in annual revenue, just from pro accounts.
Margins were low, or negative, because they were going for growth, but they had various knobs they could twiddle. First off, a little after the Yahoo acquisition they cut the pro subscription price (by half, I believe). In addition, they controlled the amount of storage and upload bandwidth available to both free and pro account holders. Taken together these variables gave them latitude in picking margins. Even a relatively paltry 13% margin would have generated $1M in profit.
On the other hand, you aren't counting all the raw meat they have to feed the goons they use to keep acts and venues from straying.
Look at the bill of materials. There are $100 tied up in CPU, Chipset GPU & network chip. How much will that cost in 18 months?
Keep in mind too, blocking ads isn't necessarily a rational decision for a lot of people in a lot of situations. We can put aside the fact that ads provide economic incentive for the content people are looking for.
The important thing is that ads are often gateways to the things people are looking for (with is one of the points of the article). People buy goods and services. Ads provide a way for people to find sellers of the goods and services they want.
The advertising driven business model is an extremely old one, and I don't think it's going anywhere. People have always had the capacity to ignore advertising, even without technology -- the human brain is very selective about the information it processes and retains.
Some advertising works subliminally/emotionally (most brand advertising), but highly targeted ads, particularly context sensitive pay per click ads aren't generally in that category. They work when people are looking for something, much like the ads from local car dealers in the local paper, which most people ignore completely unless they have an inclination or outright need for a new car.
I don't think your assumption that it only works for dumb searchers is supported, since nothing in your materials & methods suggests that searchers were in your experimental or control groups.
All your evidence supports is that adsense does seem to work for the sorts of people who click on link spam. It may be reasonable to assume, based on their behavior, that those people are dumb. It's unreasonable to conclude, based on the behavior of greedy people who click on link spam, that anyone who clicks on a Google ad is dumb.
Check out the article on ad dynamics by the creator of the Metafilter family of sites that I posted a link to. He has a better reasoned theory about when ads work, and when they don't.
How Ads Really Work: Superfans and Noobs -- Great post by creator of Metafilter
1) Which sites have seen their traffic grow to millions of visitors daily within a few days of launch. I can't think of any, but you must have a few in mind.
2) What did they do or fail to do to handle that growth?
2. People's ad blindness depends, at least in part, on the situation. Some sites hide context sensitive ads for registered/regular users, because they know that such users aren't likely to click on them. The users who are most likely to click on them are people who are actively searching for information, such as people who arrived by clicking on a search result. If they don't find the information they are looking for, they are going to move on. If the ad displayed is relevant, it presents an attractive place to move on to.
For my part, I usually completely ignore all the paid placements on the Google search results, but when I'm shopping for something, I'll click on the ads if people seem to have what I'm looking for.
Lots of thoughtful & thoughprovoking advice for entrepreneurs from the creator of ONEList (Yahoo Groups) and bloglines
The same people will argue that todays 20-somethings are more collaborative and also less patient. One could argue that these latter characteristics might foster entrepreneurship.
What I think is most important is: 1. Demographics. There are a lot of "young adults" these days, and typically the young have a greater tolerance for risk. They typically don't have mortgages or kids.
2. Expectations. ~15 years ago we saw the first wave of "downsizing." Previously, people had reasonable expectation that if they were loyal to their employer, their employer would be loyal to them. Todays young adults have no such expectation, and many of them have witnessed the aftermath of putting too much faith in an employer both through their parents and grandparents.
3. Declining needs for capital. It's been said repeatedly, but it's just so much cheaper to start up a company.